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Sitharaman asks fintechs to strengthen risk management to check AI misuse
"Even as AI opens extraordinary possibilities, we must confront its...
India to introduce RBI-backed digital currency: Piyush Goyal
"We have not been encouraging cryptocurrency, which does not have...
All airport operators to conduct third party audit of structural stability of buildings
"All the airport operators have also been directed to carry out a thorough evaluation of all civil, electrical and technical aspects of the building, including the design, specifications and workmanship of the roof sheeting structure before the onset of monsoon every...
Artificial intelligence (AI) taking root in several spheres of Indian economy: Eco Survey
Vision is for India to evolve as a ‘fintech nation’ with the highest number of fintech firms and the highest fintech adoption rate by incumbents fuelled by digital public infrastructure,” the Survey highlighted "An approach should be evolved for common user data, eg...
Eco-Survey: Banks and insurers must avoid mis-selling and address grievances to keep financial system healthy
Commercial banks and insurance companies, even as they aim to achieve greater market penetration, must keep in mind levels of financial literacy in the country, avoid over lending mis-selling and address grievances, such that the financial cycle stays healthy as long...
Insurers face business interruption claims after global tech outage
"Some cyber insurance policies exclude non-malicious events, and there are waiting periods and deductibles that businesses will have to consider before making a claim with their insurance carriers," said Nir Perry, CEO at CyberWrite, a cyber insurance risk platform...
Lung diseases’ burden much higher than Lancet’s projection: Doctors
"It is going to remain the number one killer and disabling disease with continued bad lifestyle and increasing stress. Yet, there is a lack of understanding of the exact mechanism of formation of these blockages (in the heart's blood vessels). Till we understand the...
UPI adding up to 60 lakh new users every month, global adoption surge
According to the latest National Payments Corporation of India (NPCI) data, the number of transactions on the UPI platform went up 49 per cent year-on-year to 13.9 billion in June and the transaction value rose 36 per cent to Rs 20.1 trillion. Also, the average daily...
Bombay HC asks social media firms to take prompt action against deepfakes of NSE’s MD
The court said social media firms are mandated by the Information Technology Rules to take prompt action on the complaints of entities like NSE about unauthorised use of their trademark on dubious web pages and/or profiles, accounts and/or advertisement and/or videos...
Microsoft says about 8.5 million of its devices affected by CrowdStrike-related outage
CrowdStrike has helped develop a scalable solution that will help Microsoft's Azure infrastructure accelerate a fix, Microsoft said, adding that the tech giant had worked with both Amazon Web Services and Google Cloud Platform to collaborate on the "most effective...
Microsoft outage: CrowdStrike explains what exactly went wrong
George Kurtz, CrowdStrike's CEO, said in a post on X that CrowdStrike had deployed a fix for the issue. "This is not a security incident or cyberattack," he wrote. However, it is not clear how easily the affected systems can be fixed remotely, as the "Blue Screen of...
Airline systems across airports working normally: Minister
Airports across the country witnessed chaotic scenes after the online passenger booking, reservation and boarding systems turned to manual mode due to the outage, resulting in higher passenger handling processing time and consequently hundreds of flights were delayed...